ZERO13, the COP28 award-winning international carbon exchange,
registry and aggregation hub ecosystem, part of GMEX group, is
collaborating with Decarb.earth, CarbonCX and XTCC, to provide the
world’s first end-to-end digitally measured, reported and verified
carbon credit distribution, trading and settlement solution for
renewable energy projects.
The digital climate fintech platform-as-a-service recently
enabled 14,591 carbon credits, including those from GoSolr (Pty)
Ltd in South Africa, to be successfully distributed, traded and
settled via ZERO13 on the SECDEX Marketplace for spot carbon
credits and regulated securities markets via XTCC structured
products.
The high-integrity voluntary carbon credit solution maximises
market value and distribution in a way which instils trust by
digitally verified provenance to address the issues of greenwashing
and double-counting through:
- Ecosystem connection via the ZERO13 Asset
Settlement Network (ASN) and Hub,
- Project digitisation, data measurement, reporting and carbon
credit generation by Decarb.earth,
- Digital verification and registry by
CarbonCX,
- Execution via the XTCC exchange-listed
structured investment products,
- Listings on regulated securities exchanges such as
Deutsche Borse, Vienna Stock
Exchange and SECDEX.
Hirander Misra, Chairman and CEO of GMEX Group and
ZERO13, commented: “With a multi-blockchain
network-of-networks approach encompassing the diverse capabilities
of our partners Decarb.earth, CarbonCX and XTCC, the ZERO13
ecosystem enables digital carbon credits, backed by smart
contracts, to be officially accredited, issued, traded and settled
to support the advancement of renewable energy technologies that
are crucial for a sustainable future.”
Marco Funk, CEO of Decarb.earth, added: “There
cannot be a just and swift energy transition without transparency.
The carbon credit market has been fraught with controversies of
low-quality credits and doubtful existence. In this context,
working with ZERO13, we are absolutely delighted to offer this
first of its kind fully digital end-to-end carbon credit solution
for renewable energy projects. With these VCCs having now been
credited, audited, verified, registered and sold, a low-carbon
energy future - within time - looks ever more likely.”
Dave Tims, Founder and Head of Strategy for CarbonCX
Inc. said: “CarbonCX is pleased to announce the completion
of this first sale of digital carbon credits from African solar
energy projects registered to its next-generation carbon credit
platform. The sale occurred on the ZERO13 distribution platform
into the SECDEX Marketplace, which is setting the global standard
for efficient trading, exchange matching and real-time
settlement of traditional and digital carbon credits. Working
closely with ZERO13 and its industry-leading project partner,
Decarb.earth, we are also setting the standard for data
recording, security and transparency related to digital carbon
credits in multiple regions.”
Scott Levy, Founder of XTCC, said:
“Decarb.earth represents a perfect example of the circularity
benefits which came from investing with XTCC. By creating
liquidity for the high-integrity carbon credits, Decarb.earth will
also be encouraged to further their efforts to deliver impact in
the social housing sector for example. Measurable community
benefits are crucial to investor confidence and transparency; XTCC,
ZERO13 and Decarb.earth are a unique example of how connecting to
the capital markets liquidity can transform lives.”
ZERO13 is an infrastructure-agnostic and cloud-native platform
that ensures flexibility in deployment. Functioning as a
decentralised hub, the ecosystem orchestrates workflows across
multiple exchanges, participants, custodians, registries and
climate fintech services. It seamlessly integrates digital
monitoring, reporting and verification providers delivering
real-time asset checks on carbon offset supplies and project
provenance analysis. It also enables end-to-end multi-market
distribution across multiple blockchains and APIs to ensure
successful trading and settlement, interconnecting silos and
addressing the inadequacies of the stand-alone voluntary carbon
market (VCM) model.
Since its launch, ZERO13 has expanded its interoperable ‘network
of networks’ and grown its partnerships and customer base, bridging
climate tech and climate fintech firms to over 60 participants,
with continued rapid expansion and increased transaction flows
through the platform and its associated network.
- ENDS -
Media Contact
GMEX Group and ZERO13Alice Ellman-Brown,The
Realization GroupTel: +44 (0)7365
224804alice.ellman-brown@therealizationgroup.com / pr@gmex-group.com
About ZERO13
ZERO13, an award winning GMEX Group (‘GMEX’) initiative, is a
market leading automated AI and blockchain-driven international
carbon exchange, registry, and aggregation hub ecosystem. Accessed
as a ‘Platform as a Service’ (PaaS), the ZERO13 Hub offers a
distributed point of entry for digital issuance, trading, and
settlement of carbon credits and real-world assets such as ESG
securities with an approach based on interoperability of multiple
blockchains and APIs.
ZERO13 Hub connects multiple international carbon exchanges,
registries, custodians, and ESG project owners for supply
verification, transparent pricing, and real-time settlement.
Connections are via APIs and blockchains enabled by ZERO13 Chain
(Pyctor).
GMEX’s Pyctor technology has been harnessed to extend ZERO13
Hub’s Platform-as-a-Service (PaaS) capabilities and to power ZERO13
Chain as a multi-blockchain and multi-API interoperable ‘network of
networks’. This is an effective and robust mechanism for settling
various assets, optimising Delivery versus Payment (DvP) contracts
through native integration for token deposits.
ZERO13 industry recognition awards include:
- COP28 UAE TechSprint award win in the category of “Innovative
blockchain solutions in sustainable finance to scale up climate
action” – 2023
For further information on ZERO13, please
visit https://www.zero13.net/.
About CarbonCX
Working closely with companies deploying various technologies
and activities to reduce baseline carbon emissions, CarbonCX
captures, processes, aggregates and homogenizes voluntary carbon
reduction efforts into standardized units recorded on the
blockchain. CarbonCX technology automatically verifies, calculates
and aggregates the associated carbon benefit, programmatically
mints Carbon Reduction Credits™ in standardized allotments, and
provides management tools for reporting, retiring, or listing on
various emerging voluntary Carbon Credit exchanges or
marketplaces.
For further information on CarbonCX, please
visit https://carboncx.io/.
About Decarb.earth
Decarb.earth is at the forefront of sustainability initiatives,
driving positive change by generating carbon credits, spotlighting
cleaner companies, and facilitating the transition to solar energy.
With CarbonCX accreditation, Decarb.earth stands as a beacon for
businesses seeking comprehensive clean energy solutions to remain
competitive in a rapidly evolving market.
About XTCCXTCC is an investment product for
professional investors. XTCC includes investment products that
offer a transparent, credible and sustainable avenue for investors
to participate in the rapidly expanding high-integrity carbon
credit market, closing the gap in the circularity ecosystem that
leads to further growth and the development of new renewable energy
projects. The XTCC universe includes multi-currency variants for
Solar, Blue Carbon, Biomass, Biogas, Hydro, Wind and
Biomethanation.
For more information,
visit: http://xtcc.investments or
contact ir@xtcc.investments
GMEX Group and ZERO13
Alice Ellman-Brown,
The Realization Group
Tel: +44 (0)7365 224804
alice.ellman-brown@therealizationgroup.com / pr@gmex-group.com